加密鯨魚看漲：比特幣鯨魚在市場波動中積累

在比特幣價格波動的情況下，鏈上數據顯示，鯨魚正在累積領先的加密貨幣，持有超過 510 萬枚比特幣，價值 3,310 億美元。儘管市場疲軟且持懷疑態度，但這種累積表明需求持續存在，並且有突破 70,000 美元阻力位的潛力。然而，下行風險仍然存在，因為恐慌性拋售和比特幣交易所交易基金的資金流出表明價格可能進一步下跌。

Bitcoin Whales Accumulate Despite Market Weakness, Signaling Bullish Undercurrent

儘管市場疲軟，比特幣鯨魚仍在積累，預示著看漲暗流

Amidst the indecisive price action of Bitcoin, astute analysts have delved into on-chain data to uncover a compelling narrative. A recent analysis by X reveals a surge in accumulation activity by crypto whales, entities holding substantial amounts of Bitcoin.

在比特幣猶豫不決的價格走勢中，精明的分析師深入研究了鏈上數據，以揭示令人信服的故事。 X 最近的一項分析顯示，持有大量比特幣的加密鯨魚的累積活動激增。

As of the time of the analysis, these whales collectively held over 5.1 million BTC, a staggering treasure trove valued at approximately $331 billion. This voracious accumulation defies the prevailing bearish sentiment in the market, as Bitcoin has been confined to a narrow trading range, with bulls failing to breach the $70,000 ceiling despite the recent halving event.

截至分析時，這些鯨魚總共持有超過 510 萬枚 BTC，這是一個價值約 3,310 億美元的驚人寶庫。這種貪婪的累積與市場普遍的看跌情緒背道而馳，因為比特幣一直被限制在狹窄的交易區間內，儘管最近發生了減半事件，但多頭未能突破 70,000 美元的上限。

The analyst notes that the persistent demand from whales even during periods of price weakness undermines the skepticism surrounding Bitcoin's future prospects. The market's inability to decisively push lower suggests that the coin has found strong support at current levels.

這位分析師指出，即使在價格疲軟時期，鯨魚的持續需求也削弱了人們對比特幣未來前景的懷疑。市場無法果斷地壓低價格，這表明該代幣在當前水準找到了強有力的支撐。

Technical analysis of Bitcoin's price chart on TradingView indicates a potential breakout should the price surge above the middle Bollinger Band (BB). A sustained rally accompanied by positive fundamental developments could propel Bitcoin to new all-time highs. Conversely, a resurgence of selling pressure could lead to sharp declines, dragging the price below the April 2023 lows.

TradingView 上比特幣價格圖表的技術分析表明，如果價格飆升至布林通道中線 (BB) 之上，則可能會出現突破。持續的反彈加上正面的基本面發展可能會推動比特幣創下歷史新高。相反，拋售壓力重新抬頭可能導致價格大幅下跌，將價格拖至 2023 年 4 月低點以下。

Meanwhile, data from Binance and OKX, two prominent crypto exchanges, reveals that panic selling has been rampant in recent weeks. A combined 5,137 BTC has been dumped at a loss over the past two weeks, exacerbating the downward pressure on prices.

同時，兩家著名加密貨幣交易所幣安和 OKX 的數據顯示，最近幾週恐慌性拋售十分猖獗。過去兩週總計有 5,137 枚 BTC 被拋售，加劇了價格下行壓力。

Additionally, ARKB, a spot Bitcoin exchange-traded fund (ETF), has witnessed significant outflows. The fund sold 490 BTC, worth approximately $31 million, on April 25, marking the third-largest single-day outflow in its history.

此外，現貨比特幣交易所交易基金（ETF）ARKB也出現了大量資金外流。該基金於 4 月 25 日出售了 490 BTC，價值約 3,100 萬美元，創下其歷史上第三大單日流出量。

These outflows coincide with a broader decline in spot ETF inflows during the latter half of April, as reported by Lookonchain data. GBTC and all nine spot ETF issuers collectively reduced their Bitcoin holdings by over 2,100 BTC, worth roughly $135 million.

根據 Lookonchain 數據顯示，這些資金流出與 4 月下半月現貨 ETF 流入量大幅下降同時發生。 GBTC 和所有 9 個現貨 ETF 發行人總共減持了超過 2,100 個比特幣，價值約 1.35 億美元。

The juxtaposition of whale accumulation and retail panic selling creates an intriguing dynamic in the Bitcoin market. The former suggests an underlying belief in the long-term potential of the cryptocurrency, while the latter reflects a loss of confidence among some short-term traders.

鯨魚的累積和散戶恐慌性拋售並存，在比特幣市場上創造了一種有趣的動態。前者顯示人們對加密貨幣的長期潛力抱持潛在的信念，而後者則反映出一些短期交易者失去了信心。

As Bitcoin continues to fluctuate within its current trading range, the interplay between these opposing forces will shape its future trajectory. The whales' unwavering accumulation indicates a bullish undercurrent, while the panic selling and ETF outflows raise concerns about the resilience of the market.

隨著比特幣繼續在當前交易區間內波動，這些對立力量之間的相互作用將塑造其未來的軌跡。鯨魚堅定不移的增持顯示看漲暗流，而恐慌性拋售和 ETF 資金流出則引發了人們對市場彈性的擔憂。

Ultimately, the direction of Bitcoin's price will depend on the balance between these opposing forces. Whether the whales' accumulation will triumph over the bears' onslaught remains to be seen. As the market evolves, investors should closely monitor the on-chain data and technical indicators to assess the strength of the underlying fundamentals and anticipate the next phase in the Bitcoin saga.

最終，比特幣價格的走向將取決於這些對立力量之間的平衡。鯨魚的聚集能否戰勝熊的猛攻還有待觀察。隨著市場的發展，投資者應密切關注鏈上數據和技術指標，以評估基本面的強度並預測比特幣傳奇的下一個階段。